Property Management is a great way for enhancing the income you make passively each and every month. Maintaining a property to rent for office, housing, or a flex space, leads to you cashing in on owning a valuable asset and not having to do the day to day tasks that your more traditional jobs will require. When working within the property management industry, you can save a great deal of time by simplifying the process in which you collect rent.
Instead of using archaic means like mail correspondence for your check collection process, think about setting up a payment gateway for your property management business. This is an easy way your renters can follow a payment link or login to your website where they can enter their payment information using a shopping cart that’s secure. There’s also subscription options for recurring payments that happen the same date each month so you don’t waste you or your tenants’ time. Providing tenants with an option to make a rent payment automatically or online affords numerous benefits that are excellent for financial projections and time management on your part.